Question
S. Lee Enterprises produces two models of lawn tractor: SL1 and SL2. The models are both produced in the companys Louisville factory and go through
S. Lee Enterprises produces two models of lawn tractor: SL1 and SL2. The models are both produced in the companys Louisville factory and go through identical assembly operations. The difference is in the quality (hence, cost) of the parts used. The following data are available for November, the latest month for which information is available:
SL1 | SL2 | Total | |||||||
Number assembled | 1,650 | 2,150 | 3,800 | ||||||
Materials cost per tractor | $ | 1,250 | $ | 1,750 | |||||
Other costs: | |||||||||
Direct labor | $ | 1,550,000 | |||||||
Supplies | 550,000 | ||||||||
Other overhead | 2,840,000 | ||||||||
Required:
S. Lee Enterprises uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in November.
S. Lee Enterprises produces two models of lawn tractor: SL1 and SL2. The models are both produced in the companys Louisville factory and go through identical assembly operations. The difference is in the quality (hence, cost) of the parts used. The following data are available for November, the latest month for which information is available:
SL1 | SL2 | Total | |||||||
Number assembled | 1,650 | 2,150 | 3,800 | ||||||
Materials cost per tractor | $ | 1,250 | $ | 1,750 | |||||
Other costs: | |||||||||
Direct labor | $ | 1,550,000 | |||||||
Supplies | 550,000 | ||||||||
Other overhead | 2,840,000 | ||||||||
Required:
S. Lee Enterprises uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in November.
operation cost sl1 ? sl2? total ? materials cost sl1 ? sl2? total ? total cost sl1 ? sl2? total ? number of units sl1 ? sl2 ? total ? unit cost sl1 ? sl2 ? total ?
answers are required for all sl1 sl2 and total for each one
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